D.R. Horton, Inc. $DHI Stock Sold by Lyell Wealth Management LP

Lyell Wealth Management LP trimmed its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 7.6% during the 3rd quarter, Holdings Channel reports. The firm owned 116,786 shares of the construction company’s stock after selling 9,634 shares during the period. Lyell Wealth Management LP’s holdings in D.R. Horton were worth $15,959,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of DHI. Mirae Asset Global Investments Co. Ltd. purchased a new stake in D.R. Horton in the 3rd quarter worth $10,427,000. Cidel Asset Management Inc. raised its holdings in D.R. Horton by 12.3% during the third quarter. Cidel Asset Management Inc. now owns 4,676 shares of the construction company’s stock valued at $639,000 after acquiring an additional 513 shares during the period. Unison Advisors LLC lifted its position in shares of D.R. Horton by 0.3% in the third quarter. Unison Advisors LLC now owns 39,398 shares of the construction company’s stock valued at $5,384,000 after acquiring an additional 115 shares in the last quarter. Greatmark Investment Partners Inc. purchased a new position in shares of D.R. Horton in the third quarter valued at about $228,000. Finally, Verdence Capital Advisors LLC boosted its stake in shares of D.R. Horton by 12.7% in the third quarter. Verdence Capital Advisors LLC now owns 18,513 shares of the construction company’s stock worth $2,530,000 after acquiring an additional 2,086 shares during the period. 90.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DHI has been the subject of several research analyst reports. Weiss Ratings cut D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday. Morgan Stanley lowered their price target on D.R. Horton from $151.00 to $130.00 and set an “equal weight” rating on the stock in a report on Tuesday. Stonex Financia upgraded D.R. Horton to a “hold” rating in a research note on Thursday, October 15th. Keefe, Bruyette & Woods cut their price objective on shares of D.R. Horton from $160.00 to $152.00 in a report on Thursday, October 22nd. Finally, Royal Bank Of Canada reduced their price objective on shares of D.R. Horton from $119.00 to $114.00 and set an “underperform” rating on the stock in a research report on Friday, October 30th. Five analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $151.33.

D.R. Horton Stock Performance

NYSE DHI opened at $144.85 on Wednesday. The stock has a market capitalization of $40.52 billion, a PE ratio of 15.08, a P/E/G ratio of 1.71 and a beta of 1.35. The business has a 50 day simple moving average of $140.77 and a two-hundred day simple moving average of $147.59. The company has a debt-to-equity ratio of 0.26, a current ratio of 6.01 and a quick ratio of 0.95. D.R. Horton, Inc. has a 1-year low of $130.40 and a 1-year high of $170.79.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Thursday, October 29th. The construction company reported $2.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.01 by ($0.34). The firm had revenue of $9.37 billion for the quarter, compared to analysts’ expectations of $9.07 billion. D.R. Horton had a return on equity of 11.93% and a net margin of 8.74%. The firm’s revenue was down 3.2% on a year-over-year basis. During the same period last year, the company earned $3.04 earnings per share. On average, research analysts predict that D.R. Horton, Inc. will post 10.92 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Thursday, November 12th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.4%. This is a boost from D.R. Horton’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Thursday, November 12th. D.R. Horton’s payout ratio is 17.75%.

D.R. Horton Company Profile

D.R. Horton, Inc is a residential construction company that builds and sells single-family detached and attached homes in the United States. Its offerings include entry-level, move-up, luxury and active-adult housing, serving a range of homebuyers through brands such as D.R. Horton, Express Homes, Emerald Homes and Freedom Homes.

The company’s operations also include land acquisition and development, home financing and title services. Through subsidiaries and affiliated businesses, D.R.